Farizon Auto, DST team up to boost green development for commercial vehicle sector

Shanghai (Gasgoo)- On May 28, Farizon New Energy Commercial Vehicle Group ("Farizon Auto"), a subsidiary of Geely Holding Group focusing on commercial vehicle segment, and Digital Sustainable Transport (DST) established a global strategic partnership, according to a post on Farizon Auto's WeChat account. This collaboration goes beyond product development and market promotion, but aims to jointly explore the green development path of the commercial vehicle industry.

Photo credit: Farizon Auto

The two parties will work together in various aspects, including overseas market expansion, product technology innovation, ecosystem co-construction, and capital markets, injecting strong green momentum into the global commercial vehicle market.

Founded in 2015, DST is a leading global smart operation service provider for new energy logistics vehicles, fully committed to promoting the electrification and connected services of urban logistics vehicles. Through its lifecycle operation and smart operation service platform, DST connects the entire value chain of the new energy logistics vehicle industry, offering a comprehensive asset operation and service package that includes vehicle leasing and sales, charging and maintenance, and secondary utilization.

Leveraging Farizon Auto's comprehensive product lineup and DST's extensive new energy logistics service ecosystem, the two parties will jointly provide users with integrated solutions covering "purchase, use, rental, maintenance, energy replenishment, financing, and remanufacturing."

According to the strategic cooperation agreement, Farizon Auto and DST will engage in close cooperation on multiple levels. First, by sharing technical resources and market channels, they will jointly develop and promote targeted models, creating new energy commercial vehicles that better meet user needs. Their cooperation will extend from urban delivery vehicles to heavy-duty trucks, jointly driving innovation in the trunk logistics sector. Secondly, they will carry out multi-layered collaborations through regional authorizations and direct supply to large clients, working together to expand into overseas markets and accelerate the internationalization of their services, thereby enhancing their global market influence. Thirdly, they will deepen their cooperation in vehicle asset ownership and operation management, complementing each other's strengths to jointly promote their development in the capital market.